Dime Community Bank Provides $30.2M Refinance Loan For Multifamily Property On Upper West Side
666 West End Ave, New York, NY 10025, USA
$119,000,000
$61,466/SF
Building Size
1,936 SF
Asset Type
MultiFamily
Closing
May 5, 2020
AI
The multifamily property located at 680 West End Avenue in the Upper West Side has recently undergone a loan refinancing transaction. The property spans across 154,800 square feet and is owned by Empire Management, represented by Fred Ohebshalom. The lender involved in the transaction is Dime Community Bank, with Louis Ciniglio representing the bank.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,200,000
- Address: 680 West End Avenue
- Market: Upper West Side
- Lender: Dime Community Bank - Louis Ciniglio
- Landlord: Empire Management - Fred Ohebshalom
The loan refinancing, which took place on the specified date, involved a loan amount of $30,200,000. The transaction was facilitated by the lender, Dime Community Bank, and their representative, Louis Ciniglio. The property owner, Empire Management, was represented by Fred Ohebshalom. This refinancing deal aimed to provide financial stability and potential further investments for the multi-family property located at 680 West End Avenue.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93